Concord New Energy Group Limited (SEG) said it expects to report an unaudited profit attributable to equity holders of about 17 million Singapore dollars to 19 million Singapore dollars (RMB90 million to RMB100 million) for the six months ended Jun, 30 2026.

The forecast compares with a profit of roughly 55 million Singapore dollars (RMB292 million) recorded in the same period a year earlier. The company attributed the anticipated decline mainly to lower power generation caused by grid absorption constraints and climate fluctuations, as well as a drop in average electricity tariffs amid deeper market-oriented power trading.

Concord New Energy, headquartered in Singapore, develops and operates wind, solar and energy-storage projects and provides related technical services. The group said its interim results are still being finalised and are expected to be released in Aug, 2026. It advised shareholders and potential investors to exercise caution when dealing in its shares.